FINANCIAL SCAMS

Online order delivery scam: A new scam has been in regard to delivering online orders in your address. What happens if fraudsters first send a SMS saying that your online order could not be delivered due to incomplete address, so here's a link to up...

Indian nationals engaged in online financial scams were arrested in Madiwela and Battaramulla following simultaneous raids. The arrests uncovered a scheme involving coerced deposits after promising cash for social media interactions, with internatio...

A man from Kerala was scammed of Rs 7.55 crore by fraudsters posing as representatives from Invesco Capital and Goldman Sachs, who tricked him with a fake account balance. To prevent such scams, be vigilant of unsolicited offers, research investment...

New parcel scam: The Central Board of Indirect Taxes and Customs (CBIC) has stated that several people complained to them about a fake parcel scam being conducted in the name of customs. In this scam you get a call from a fake officer informing you ...

As per the RBI's recent annual report, fraud cases surged to 36,075 in FY24, marking a significant rise from 13,564 reported in the previous fiscal year. The report highlighted that a majority of these frauds, in terms of volume, were related to dig...

Bringing cryptocurrency under SEBI's regulation could revolutionize India's crypto market. Leveraging SEBI's proven track record in market regulation, investor protection, and technological advancements can foster trust, stability, and growth while ...

Fake job offers: India is such a country where millions of young people reside and many of them are searching for a job either within India or abroad. Younger people have aspirations and enthusiasm which fraudsters are using to dupe them with fake j...

China is set to impose a record fine on PricewaterhouseCoopers LLP and may suspend some of its local operations due to its involvement in a major financial fraud case with China Evergrande Group. The Ministry of Finance is expected to announce the p...

Amidst the surge in phone call scams, the Department of Telecom (DoT) has unveiled a new solution to differentiate between authentic calls and those orchestrated by fraudsters. As per reports from ToI, the DoT has designated a distinct 10-digit numb...

According to Indian Cyber Crime Coordination Centre (I4C), on an average 7,000 cybercrime complaints were registered per day in May 2024, a jump of 113.7% between 2021-2023 and 60.9% from 2022-2023, and 85%of them were financial online frauds.

Stock market scams via WhatsApp, Telegram, Facebook or Instagram: Two investors lost over Rs 3 crore in separate scams, highlighting a concerning trend. Fraudsters lure victims via social media with promises of high returns. They use fake profiles, ...

Adani Group faced a tumultuous period after allegations by Hindenburg Research, but quickly recovered and regained market value. Recent accusations regarding a coal deal and ethical concerns have failed to impact the group's stocks significantly. In...

India faces a surge in cyber fraud from Southeast Asia, surpassing domestic hotspots. Nearly half of the defrauded money comes from scams such as investment, trading, digital arrest, and dating scams. Between January and April 2024, Rs 1,775 cr was ...

Congress raises concerns over voter turnout discrepancies and alleged coal scam involving the Adani Group, with Rahul Gandhi vowing to investigate the matter if the party comes to power.

Congress attacked the Modi government over reports of Adani Group's alleged coal quality manipulation, calling it a "huge coal scam". Rahul Gandhi accused Adani of profiting from low-grade coal sold at inflated prices, promising a JPC probe within a...

Sahara Group criticises 'Scam 2010 - The Subrata Roy Saga' series by Hansal Mehta on Sony LIV, contemplating legal action for defamatory portrayal. The series delves into financial scandals involving Subrata Roy, with disputes pending before SEBI an...

Investment scams on social media platforms lure victims with promises of high returns. Delhi Police have arrested over 100 fraudsters employing sophisticated tactics. Scammers pose as representatives of reputed firms, offering free stock recommendat...

Beware of deceptive SMS scams like the one Aditi encountered. The scam involved a fake deposit request, demanding money return. Aditi's vigilance and verification prevented falling victim to the elaborate financial fraud scheme.